Senior Actuarial Analyst

Ryan Specialty

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 88000 - 110000
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

Position Summary

As a Senior Actuarial Analyst on the Ryan Specialty Underwriting Managers Pricing team you will play a critical role in advancing rating tools portfolio analysis & management and technical pricing within a collaborative fast-paced environment. You will get exposure to a diverse set of products and lines of business. This position requires significant collaboration with various stakeholders including underwriters actuaries CAT analysts and IT teams.

What will your job entail

Job Responsibilities

  • Assist in developing pricing strategies ensuring rates align with risk growth and profitability goals regularly sharing data-driven insights with leaders. This can include performing segmentation analysis predictive analytics industry benchmarking and more.
  • Provide portfolio management analytics and recommendations to business units with guidance and support from other actuaries. This includes monitoring the performance of the book and providing insights into actions identified to maintain/increase profitability/growth going forward. Build portfolio management analytics and reports to support a deeper understanding of portfolio performance and volatility trends.
  • Support pricing capabilities for new product development including development of pro-forma expected loss experience technical pricing and rating tools.
  • Maintain update and build rating tools working directly with underwriters and IT partners to ensure that businesses have robust efficient and accurate pricing solutions.
  • Help drive automation and continuous improvement in processes such as rate change monitoring and other data monitoring/reporting efforts to ensure efficiency data model alignment and data completeness and accuracy.
  • Partner with underwriting and other colleagues to develop business acumen deepen knowledge of various lines of business and conduct ad-hoc deep-dive analyses as needed to uncover key profit and loss drivers.

Work Experience and Education

  • Bachelors degree in Actuarial Science Mathematics Statistics or related field.
  • 2 years of P&C actuarial experience with a focus on commercial insurance pricing strongly preferred.
  • Progress towards ACAS/FCAS credentialing.

Skills and Competencies

  • Excellent technical aptitude including
    • Strong technical skills in Microsoft Office (Excel Power BI PowerPoint)
    • Data extraction and transformation skills such as SQL or Databricks
    • Analytical and data science skills such as R or Python
  • Committed team player contributes to team culture and team success
  • Strong attention to detail
  • Pro-active and creative in solving problems and exploring new solutions
  • Ability and willingness to collaborate and communicate effectively with non-actuarial partners
  • Ability to prioritize and manage multiple ongoing projects in a fast-paced environment
  • Process-oriented continuously seeking efficiencies and improvements in workflow.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.

The target salary range for this position is $88000.00 - $110000.00 annually.

The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at

The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.


Required Experience:

Senior IC

Position SummaryAs a Senior Actuarial Analyst on the Ryan Specialty Underwriting Managers Pricing team you will play a critical role in advancing rating tools portfolio analysis & management and technical pricing within a collaborative fast-paced environment. You will get exposure to a diverse set o...
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Offers services through highly specialized managing general underwriters with unparalleled knowledge and expertise in niche markets.

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